Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    401 Ocean Ave Melbourne Beach, FL 32951

    Sponsored
    For Sale
    $2,500,000

    Prime Beachfront Office Building, 16 Units

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 401 Ocean Avenue in Melbourne Beach, Florida, presents a compelling investment opportunity. The 12,000 square foot office building sits on a spacious 1.15-acre lot (50,094 sq ft), offering 16 individual units. Constructed in 1979 using durable concrete block and stucco, the building features a built-up roof and is connected to city water and sewer. Recent renovations have significantly upgraded both the interior and exterior, including fresh paint, new logos, and updated carpeting, creating a modern and inviting atmosphere. The property boasts 72 designated parking spaces, ensuring ample convenience for tenants and visitors. Each floor provides two restrooms for added convenience, and a functional elevator ensures easy access to all levels. Zoned as 8-B Residential Business, this versatile property is ideally suited for a variety of professional office uses. The asking price for this well-maintained, highly desirable commercial property is $2,500,000. The property's prime location in Melbourne Beach, Florida (zip code 32951), offers excellent visibility and accessibility. This is a rare opportunity to acquire a substantial, renovated office building in a thriving coastal community.

    Property Features for 401 Ocean Ave

    General Information

    Property type
    Land

    Building Details

    Year Built
    1979
    Units
    16

    HighLights

    • $2,500,000 asking price.
    • 16‑unit office building on 1.15 acres (50,094 sq ft lot) in Melbourne Beach, FL.
    • 12,000 square feet, built in 1979, concrete block and stucco construction.
    • 72 parking spaces.
    • Recently renovated interior and exterior.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.5612306
    Latitude
    28.0678725

    Nearby Comparable

    • Contact for pricing
      5,281 SF

      Melbourne Beach Shopping Center Space

      Established shopping center near the Atlantic Ocean in Melbourne Beach.
      3830 Hwy S, Melbourne Beach, FL
      View Details
    • $638,000

      Indialantic Commercial/Residential Land

      Prime Indialantic lot, 12,197 sq ft.
      317 9Th Ter, Indialantic, FL 32903
      View Details
    • $2,250,000
      4,455 SF

      Indialantic Triplex: Short-Term Rental Ready

      Turn-key triplex in Indialantic Tourist District, ideal for short-term rentals.
      312 Wavecrest Ave, Indialantic, FL 32903
      View Details
    • Contact for pricing

      Prime Location Opportunity

      Building or ground lease opportunity on approximately 0.84 acres.
      441-445 5Th Ave, Indialantic, FL 32903
      View Details
    • New
      $629,000
      1,876 SF

      Indialantic Duplex Near Beach

      Two-story duplex near beach, river, and downtown Indialantic.
      435 3Rd Ave, Indialantic, FL 32903
      View Details
    • $869,000

      Coastal Triplex Near Beach

      Triplex near the beach with redevelopment potential.
      351 N Shannon Ave, Indialantic, FL 32903
      View Details
    • $459,900

      Indialantic Beachside Commercial Land

      Prime .30-acre lot, build your dream.
      435 Michigan Ave, Indialantic, FL 32903
      View Details
    • $10,750,000

      Palm Bay Retail Development Land

      21.83 acres PUD zoned land ideal for retail development.
      3370 Dixie Hwy NE, Palm Bay, FL 32905
      View Details
    • $3,200,000
      0.49 Acres

      Palm Bay Commercial Land Investment

      Prime Commercial Land, Water Views
      3370 Dixie Hwy, Palm Bay, FL 32905
      View Details

    Nearby Similar for Sale

    • $4,500,000
      6,857 SF

      Oceanfront Property with Restaurant

      1.53 acres with nine units and turnkey restaurant.
      5935 S Highway A1A, Melbourne Beach, FL 32951
      View Details
    • Contact for pricing
      5,281 SF

      Melbourne Beach Shopping Center Space

      Established shopping center near the Atlantic Ocean in Melbourne Beach.
      3830 Hwy S, Melbourne Beach, FL
      View Details
    • $295,000

      Prime Melbourne Beach Gas Station

      Profitable Convenience Store & Gas Station
      0 A1A, Melbourne Beach, FL 32951
      View Details
    • $5,300,000
      6,896 SF

      5935 Highway A1A

      Motels • 6,896 SF
      5935 Highway A1A, Melbourne Beach, FL 32951
      View Details

    FAQs

    What type of property is this?
    Land - Prime Beachfront Office Building, 16 Units
    Where is this land located?
    The property is located at 401 Ocean Ave Melbourne Beach, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price.; 16-unit office building on 1.15 acres (50,094 sq ft lot) in Melbourne Beach, FL.; 12,000 square feet, built in 1979, concrete block and stucco construction.
    Request Owner's contact information
    401 Ocean Ave Melbourne Beach, FL 32951
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    401 Ocean Ave
    Melbourne Beach, FL 32951
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 Ocean Ave Melbourne Beach, FL 32951
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.